FX.co ★ Trading plan for EUR/USD on March 22. Europe is at risk of another COVID-19 wave.

The world is gradually emerging from the coronavirus. There is great progress both in the United States and Britain, which may be the result of their increasing pace of vaccination. To date, more than 30% of their population have been vaccinated.

But in the EU, the situation remains pretty bad. Until now, incident rates are dangerously high, with France recording more than 30,000 new COVID-19 cases a day. Poland, Turkey and Italy follow.

Going back to vaccinations, the pace is still slow in many countries. But the head of Pfizer is confident that by fall, most major countries will be vaccinated.

EUR/USD opened the week with a small but noticeable gap down. But in general, the euro has formed a very beautiful and completely horizontal consolidation.

Open short positions when the euro breaks below 1.1870.

Open short positions when the euro breaks above 1.1990.

There is uncertainty in the markets.

The US market may undergo a strong correction within the day.